HLV Limited Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	261.25	238.03	76.47	-425.1	-359.26
Depreciation & Amortization	155.75	142.86	110.76	126.85	134.43
Other Amortization	0.7	0.76	0.67	0.79	0.74
Loss (Gain) From Sale of Assets	0.66	0.4	1.28	0.94	-8.58
Loss (Gain) From Sale of Investments	-	-	-18.95	-1.28	-
Provision & Write-off of Bad Debts	0.35	0.61	0.51	0.85	1.75
Other Operating Activities	-166.09	-52.63	47.32	73.11	154.12
Change in Accounts Receivable	25.38	-17.72	-84.18	-21.33	44.99
Change in Inventory	-5.51	-16.53	4.89	-3.23	4.65
Change in Accounts Payable	191	89.36	122.29	100.96	-102.2
Change in Other Net Operating Assets	-126.28	-146.92	92.9	-338.76	-162.1
Operating Cash Flow	337.2	238.23	353.98	-486.2	-291.45
Operating Cash Flow Growth	41.54%	-32.70%	-	-	-
Capital Expenditures	-109.87	-	-	-	-
Sale of Property, Plant & Equipment	-	271.06	82.87	852.94	73.79
Investment in Securities	284.17	-556.97	27.85	-635.13	1.49
Other Investing Activities	47.26	-40.52	53.35	5.3	32.24
Investing Cash Flow	221.55	-326.43	164.07	223.11	107.51
Long-Term Debt Issued	168.72	88.03	70.13	694.6	96.5
Total Debt Issued	168.72	88.03	70.13	694.6	96.5
Long-Term Debt Repaid	-154.23	-109	-433.21	-421.62	-51.76
Total Debt Repaid	-154.23	-109	-433.21	-421.62	-51.76
Net Debt Issued (Repaid)	14.5	-20.97	-363.08	272.98	44.74
Other Financing Activities	-2.69	-3.89	-48.32	-11.29	-9.43
Financing Cash Flow	11.81	-24.86	-411.4	261.69	35.31
Net Cash Flow	570.56	-113.05	106.64	-1.4	-148.63
Free Cash Flow	227.33	238.23	353.98	-486.2	-291.45
Free Cash Flow Growth	-4.58%	-32.70%	-	-	-
Free Cash Flow Margin	11.18%	11.97%	20.47%	-66.61%	-75.68%
Free Cash Flow Per Share	0.34	0.36	0.54	-0.75	-0.46
Cash Interest Paid	2.69	3.89	48.32	11.29	9.43
Cash Income Tax Paid	46.76	-3.65	-44.25	24.46	-246.99
Levered Free Cash Flow	367.72	795.36	504.2	708.27	-410.14
Unlevered Free Cash Flow	381.44	810.08	533.06	722.55	-395.89
Change in Working Capital	84.59	-91.81	135.91	-262.36	-214.65

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.